Friday Sep 13, 2013

The International
Energy Agency (IEA)
forecasts roughly a $38T capital outlay over the next 15 years for the energy
sector. Global energy and utility demand isexpected to increase by over
one-third in the period to 2035, while the primary energy supply mix shifts
considerably to natural gas and unconventional sources. The ability for global
power and process owners, operators, contractors, and E&C companies to meet
demand will largely depend on their ability to overcome five pain points: a constrained
capital market, erratic supply and demand, aging infrastructure, a heightened
regulatory environment, and declining global skills.

Iain Graham, director of Process
Manufacturing Strategy, Oracle Primavera, hosts a Webcast available On-Demand that spotlights
three strategic drivers—operational excellence, financial discipline, and risk
mitigation—which are key in driving success and helping to identify, select,
execute, operate, and maintain assets in an increasingly complex world. During
the Webcast, Iain discusses how financial discipline can help manage capital
expenses and focus capital on areas that drive greater shareholder value.
Through examples that Iain provides, you can learn how operational excellence
enhances efficiency, optimizes resource pools, and reduces waste and
inefficiencies. He also covers how improved awareness of cash flow and capital
expenditures can help any power and process company better manage and react to
uncertainty.

Read the full edition of Engineering News Record’s 2nd edition of Construction Connection to
discover more successes and stories in the current and emerging environment in
the engineering and construction industry.